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Simple Trading Method with trader101

  • #2,301
  • Jul 15, 2009 8:35am Jul 15, 2009 8:35am
Quoting bartstop
Would it be easier to use profitcalc_graphical to montior the spreads?
Although I haven't tried it... I'll download it now, check it against my spreadsheet and let you know in a moment.
  • #2,302
  • Jul 15, 2009 8:57am Jul 15, 2009 8:57am
Doesn't want to work on my platform for some reason. If it can graphically show a narrowing or widening of spreads between highs and lows and can show history back to at least last week/month, then you should be ok to use it.
  • #2,303
  • Jul 15, 2009 9:34am Jul 15, 2009 9:34am
Quoting Limstylz
Doesn't want to work on my platform for some reason. If it can graphically show a narrowing or widening of spreads between highs and lows and can show history back to at least last week/month, then you should be ok to use it.
It doesn't access history for some reason, I think the code was thrown together in a hurry. It will only show you history from the time that you attached it.

I've had it running for a couple days now.
Attached Image (click to enlarge)
Click to Enlarge Name: profitcalc_graphical.gif Size: 74 KB
  • #2,304
  • Jul 15, 2009 9:38am Jul 15, 2009 9:38am
Don't ask me why the 500 and -500 lines are there. I noticed that the spread toyed with that level for a while so I assumed it was of some significance.


Man those JPY pairs are taking off today! I'm hoping for a reversal today.
  • #2,305
  • Jul 15, 2009 9:54am Jul 15, 2009 9:54am
Quoting bartstop
Don't ask me why the 500 and -500 lines are there. I noticed that the spread toyed with that level for a while so I assumed it was of some significance.


Man those JPY pairs are taking off today! I'm hoping for a reversal today.

From the chart you posted, the numbers appear to be insignificant... I can see how the indi could be of some use for determining immediate visual trend, but the spreadsheet method is better for precision.

I would recommend that you take a look at the group HA for better visual confirmation than the profitcalc graphical indi.
  • #2,306
  • Edited 10:10am Jul 15, 2009 10:08am | Edited 10:10am
Quoting Limstylz
From the chart you posted, the numbers appear to be insignificant... I can see how the indi could be of some use for determining immediate visual trend, but the spreadsheet method is better for precision.

I would recommend that you take a look at the group HA for better visual confirmation than the profitcalc graphical indi.

I just got it working. I had to edit the pairings for IBFX. What do you consider a comfirmation of reversal/retracement?

2 consecutive red candles with no/small wicks on top looks like a good rule of thumb to me.
Attached Image (click to enlarge)
Click to Enlarge Name: ha.gif Size: 49 KB
  • #2,307
  • Jul 15, 2009 10:32am Jul 15, 2009 10:32am
Quoting bartstop
I just got it working. I had to edit the pairings for IBFX. What do you consider a comfirmation of reversal/retracement?

2 consecutive red candles with no/small wicks on top looks like a good rule of thumb to me.
You need to have a basic understanding of chart analysis and the tools to go with it (fibs, trend lines, support/resistance). Do not blindly rush in. Bear in mind that the HA is not true candlestick formation, even on a single pair. Also remember the HA is a visual representation of the basket and therefore will have smoothing properties applied to the visual of the collective.

Watch and analyse how the HA reacts with the IA, then draw your own conclusions. Remember, the HA is a visual reference only and does not take the place of IA analysis. You cannot solely trade the HA without the IA, unlike the other way around.

Please do not ask me for any more info on the HA as it is not part of T101's strategy and I wish to respect his thread rules. TIA
  • #2,308
  • Edited 5:15pm Jul 15, 2009 3:02pm | Edited 5:15pm
Deleted post.
  • #2,309
  • Edited Jul 16, 2009 2:25am Jul 15, 2009 9:16pm | Edited Jul 16, 2009 2:25am
Wow...did the same exact thing that netted me +3600 pips last week.



So far, +1500 pips this week...
  • #2,310
  • Jul 16, 2009 12:35am Jul 16, 2009 12:35am
Nebuman please remove that wide chart of yours. You really have to learn how to paste a smaller chart. I remember this is the 2nd time i call your attention to this matter.

It screws up the page everytime you past you chart.

Julius
  • #2,311
  • Jul 16, 2009 2:25am Jul 16, 2009 2:25am
Quoting trader101
Nebuman please remove that wide chart of yours. You really have to learn how to paste a smaller chart. I remember this is the 2nd time i call your attention to this matter.

It screws up the page everytime you past you chart.

Julius
I don't see exactly how it screws up the page. It's a damn picture and as long as its helping other people see things, then it should be OK!

But since its your page, I will remove it...
  • #2,312
  • Jul 16, 2009 12:16pm Jul 16, 2009 12:16pm
Very early on in this thread there was an indicator posted called profitcalc_graphical. It wasn't posted by Trader101 but it has his name on it. I'm assuming the code was taken from his original profitcalc EA. I took it upon myself to modify it again so we could have a graphic indicator of the spread of our IA. So here it is. I'm not a coder so it's probably a little sloppy. Also, just like the profitcalc_graphical it doesn't save history. So if you close MT4 or change timeframe, it starts over. If anybody here knows how to fix that, feel free.
Attached Image (click to enlarge)
Click to Enlarge Name: spreadcalc.gif Size: 82 KB
Attached File(s)
File Type: mq4 Spreadcalc.mq4   2 KB | 1,116 downloads
  • #2,313
  • Jul 16, 2009 5:28pm Jul 16, 2009 5:28pm
Could someone please tell me where to find the 1.12 version of the Orest indicator. I have version 1.11 and I cannot find the other in any of the attachments. It may be that I cannot see the forest for the trees, but I just cannot find it. Please help, it is the one that has the hourly looking back so that it shows different to the 4H.

Thanks,

anthony
  • #2,314
  • Jul 16, 2009 6:44pm Jul 16, 2009 6:44pm
Quoting aajduk
Could someone please tell me where to find the 1.12 version of the Orest indicator. I have version 1.11 and I cannot find the other in any of the attachments. It may be that I cannot see the forest for the trees, but I just cannot find it. Please help, it is the one that has the hourly looking back so that it shows different to the 4H.

Thanks,

anthony

You owe me a beer.
Attached File(s)
File Type: mq4 T101_v1.12_orest.mq4   30 KB | 2,472 downloads
  • #2,315
  • Jul 16, 2009 11:26pm Jul 16, 2009 11:26pm
Thanks Bartstop, much appreciated, no problem with the beer when I am next in the states or you are downunder.
  • #2,316
  • Edited 1:40pm Jul 17, 2009 12:32pm | Edited 1:40pm
I've just recently made a transition from spread betting to forex brokers on my MT4 platform. And I need to how I should apply the following and would like some details on what their functions are.
  • #2,317
  • Jul 17, 2009 12:58pm Jul 17, 2009 12:58pm
Quoting nebuman213
Wow...did the same exact thing that netted me +3600 pips last week.



So far, +1500 pips this week...
Please Nebuman, can you teach me how you trade?

thanks,
Iyke
  • #2,318
  • Jul 17, 2009 1:29pm Jul 17, 2009 1:29pm
Quoting jahual89
I've just recently made a transition from spread betting to forex brokers on my MT4 platform. And I need to how I should apply the following and would like some details on what their functions are
Its all in the first few pages. You should also remove your attachments before T101 gets annoyed.
  • #2,319
  • Jul 17, 2009 3:00pm Jul 17, 2009 3:00pm
On my demo account I've installed the Tradehedge script and the miniACC protect EA and the profitcalc R3.

Do I just wait for the trade signals now and trade on my live account?

I will be using the EA's on my live account (the profitcalc will define trend and the miniACC protect should have stop loss, limit)

I suspect I should be using script on my live account - what does that do?
  • #2,320
  • Jul 19, 2009 6:56am Jul 19, 2009 6:56am
regarding IA. is it still a good indicator when you always have it on
with all the news?
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